Michael Burry Denies Betting Against Tesla

Michael Burry, the investor who famously predicted the 2008 financial crisis, has clarified his stance on Tesla, denying that he is shorting the electric vehicle giant’s stock. This comes after Burry publicly declared the EV maker “ridiculously overvalued” on the social media platform X.

In a post addressing a user’s question about whether he was betting against Tesla, Burry stated, “I am not short.” This statement follows an earlier post where he shared his critical assessment of Tesla’s valuation. Burry had previously communicated similar concerns about Tesla to subscribers of his paid newsletter, where he also delved into his views on what he terms an “AI bubble.”

This is not the first time Burry has made headlines with a bearish outlook on a major tech company. He recently accused some of the largest corporations in the U.S. of employing aggressive accounting practices to artificially inflate their earnings derived from the artificial intelligence boom.

Burry’s latest remarks on Tesla emerge shortly after the company released its fourth-quarter production and delivery figures. The data suggested a softer-than-anticipated outlook for vehicle deliveries in 2025. Tesla’s internal estimates point to approximately 1.6 million vehicle deliveries for the year, a decrease of about 8% from 2024. This projection indicates the company may experience its second consecutive year of declining annual vehicle sales.

Tesla’s stock has experienced significant volatility throughout the year. Despite recently reaching an all-time closing high of $489.88, the company’s shares saw a substantial decline in the first quarter. This downturn was attributed to intensified competition, particularly from Chinese EV manufacturers, and negative sentiment stemming from public statements made by CEO Elon Musk.

As of Wednesday’s premarket trading, Tesla shares were trading slightly lower. Year-to-date, the stock has seen a gain of over 12.5%.